The TJX Companies, Inc. (NYSE:TJX) is Birch Hill Investment Advisors LLC’s 10th Largest Position

Birch Hill Investment Advisors LLC reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 655,266 shares of the apparel and home fashions retailer’s stock after selling 6,108 shares during the period. TJX Companies comprises 3.5% of Birch Hill Investment Advisors LLC’s investment portfolio, making the stock its 10th largest position. Birch Hill Investment Advisors LLC owned 0.06% of TJX Companies worth $72,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new stake in TJX Companies in the fourth quarter worth $1,193,438,000. Price T Rowe Associates Inc. MD lifted its position in shares of TJX Companies by 35.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after purchasing an additional 3,255,849 shares during the period. PineStone Asset Management Inc. boosted its stake in shares of TJX Companies by 134.2% during the 2nd quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock valued at $602,004,000 after purchasing an additional 3,132,960 shares in the last quarter. Vanguard Group Inc. raised its stake in TJX Companies by 1.3% in the first quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock worth $9,886,073,000 after buying an additional 1,269,792 shares in the last quarter. Finally, Canoe Financial LP lifted its holdings in TJX Companies by 22,145.7% in the fourth quarter. Canoe Financial LP now owns 1,112,287 shares of the apparel and home fashions retailer’s stock worth $104,344,000 after buying an additional 1,107,287 shares during the period. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TJX. Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies in a research note on Tuesday, May 21st. BMO Capital Markets boosted their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Bank of America raised their target price on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Wells Fargo & Company lifted their target price on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. Finally, Robert W. Baird upped their price target on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Stock Performance

Shares of NYSE TJX traded down $0.10 during trading on Friday, reaching $117.27. 6,369,587 shares of the company traded hands, compared to its average volume of 5,430,519. The firm has a 50 day simple moving average of $112.92 and a 200-day simple moving average of $104.15. The TJX Companies, Inc. has a 52-week low of $86.71 and a 52-week high of $121.13. The stock has a market capitalization of $132.53 billion, a PE ratio of 29.10, a P/E/G ratio of 3.04 and a beta of 0.88. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The business had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Thursday, August 15th. TJX Companies’s dividend payout ratio is 37.22%.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.